DELIVEROO PLC — Remuneration Information 2021

May 17, 2021

National Storage Mechanism | Additional information

RNS Number : 7568Y

Deliveroo PLC

17 May 2021

Deliveroo plc - Performance share awards

As referenced in the IPO prospectus, performance share awards to the CFO will be granted within 42 days of the IPO under the terms of the Deliveroo Incentive Plan ("DIP"). The CEO is not being granted a share award.  The table below set outs the number of shares that have been granted to the CFO based on the IPO price. 

Awards granted will vest based on a Total Shareholder Return (TSR) performance matrix (covering both absolute and relative TSR) over three years with a 2 year post vesting holding period. Relative TSR will be compared to a FTSE 100 peer group as at the date of grant. The TSR matrix ensures that participants only receive payouts where long term value is delivered to shareholders, which is the company's priority. The matrix means that both absolute and relative TSR must be exceptional in order for full payouts to be delivered.

Details of the targets for the three year period commencing from the admission date applying to the DIP awards, are set out below. Payouts occur on a straight-line basis between each of the performance points with the starting point for measurement of TSR for Deliveroo being the IPO offer price of £3.90.

			The company's TSR Percent Rank vs peer group
			<50%	50% (threshold)	65% (target)
The company's TSR calculated based on compound annual growth rate (CAGR) per annum		<10% per annum	Nil	Nil	Nil
10% per annum (threshold)	Nil	25%	45%	65%
15% per annum (target)	Nil	45%	63.75%	82.5%
≥20% per annum (maximum)	Nil	65%	82.5%	100%

The Remuneration Committee has discretion to adjust vesting outcomes if it is felt they are not appropriate in light of the overall underlying company performance and shareholder experience over the relevant period.

The attached notification, which has been made in accordance with the requirements of the EU Market Abuse Regulation (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018), provides further detail.

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Adam Miller
2.	Reason for the notification
(a)	Position/status	Chief Financial Officer
(b)	Initial notification/ Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)	Name	Deliveroo plc
(b)	LEI	984500F6537F74DDEE77
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
(a)	Description of the financial instrument, type of instrument	Class A Ordinary Shares of 0.5p each
(b)	Identification code	ISIN: GB00BNC5T391
(c)	Nature of the transaction	The grant of a conditional award over shares under the Deliveroo Incentive Plan
(d)	Price(s) and volume(s)	£0.005 769,230 shares
(e)	Aggregated information -     Aggregated volume -     Price	769,230 £3,846.15
(f)	Date of the transaction	15 May 2021
(g)	Place of the transaction	Outside a trading venue

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